News

WINSTON-SALEM, N.C. -- As citizens of North Carolina prepare for a hotly contested primary between Democratic presidential rivals Hillary Clinton and Barack Obama, members of Truliant FCU here have already voted how they will spend their refund and surplus checks from the government.

QUINCY, Mass. -- Quincy Credit Union will soon be using the newest release of Open Solutions Inc.'s core processing system for credit unions.

RALEIGH, N.C. -- North Carolina rang in its first annual planet earth celebration with some help from State Employees Credit Union and other local businesses.

SAN FRANCISCO -- Credit union interest in purchasing the assets of the conserved $339 million Cal State 9 CU of Concord took some new turns last week with Citizens Equity First of Peoria, Ill., now in the fray and two California CUs dropped out of the bidding.

CONCORD, Calif. -- The bidding for troubled Cal State 9 Credit Union here closed on April 25 and has kept mum on the bidders (See sidebar).

WASHINGTON -- Former Chairman and CEO of Fannie Mae Franklin Raines, former Chief Financial Officer J. Timothy Howard and ex-Controller Leanne Spencer agreed to pay a $31 million settlement to end a case surrounding their roles in a 2004 accounting scandal.